Incessant rains coupled with low rake availability have impacted coal supply to power plants, especially in the northern region. Coal supply at the spot auction has also been hit, leading to high bid prices.
Coal shortage across the country has once again resurfaced with equal severity, a sort of rerun of the crisis situation that was earlier seen in April. Coal stocks available with thermal power plants
Most power plants are likely to miss the revised deadlines for complying with stricter air pollution emission norms, said Andrew DeLeone, Managing Director, GE Power India.
The number of power plants facing coal shortages has reduced in the last four months as state-owned CIL and the railways worked jointly to augment the supplies, Parliament was informed today.
Coal India LimitedNSE 1.07 % (CILNSE 0.36 %) said on Thursday that its coal supplies to thermal power plants during April-July 2018 grew 15.1% over that in the year-ago period.
Starting next year, India has planned to bring down emission levels of all old power plants to national standards by 2022, a top Environment Ministry official has said.
India is facing a severe coal shortage, which has stranded many power plants, which cannot be revived without secure fuel supply. The Centre has allowed states to import coal for their thermal plants because Coal India has not been able to meet its targets, leaving power plants stranded or short-supplied.
The fight against air pollution in the National Capital Region could be hit as two polluting sectors — thermal power plants and brick kilns — are unlikely to meet the deadline of switching over to cleaner fuel and technology, a survey by the Centre for Science and Environment (CSE) has stated.
Clear Water, JM Financial and Piramal-Bain Capital are some of the private equity funds that have shown interest to take over the stressed power projects shortlisted under State Bank of India’s (SBI) Samadhan project for restructuring and revival, according to bankers.
Gujarat, Maharashtra, Rajasthan, Bihar and Jharkhand together want to buy 3,000 MW of power under a government scheme to promote purchases from plants without PPAs.